ECON 201 APUS Week 5 Profitable Motel Economic Development Discussion

Question Description

I’m studying and need help with a Economics question to help me learn.

Why might a profitable motel shut down in the long run if the land on which it is located becomes extremely valuable due to surrounding economic development? What kinds of costs are involved in making a decision to shut down?

Tags:
business management

economic development

profitable motel

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